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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Operating activities        
Net income $ 3,892 $ 1,542 $ 10,507 $ 4,496
Adjustments to reconcile net income to net cash provided by operating activities:        
Loss on disposal of property & equipment     0 123
Depreciation of fixed assets 437 495 1,371 1,609
Amortization of internal-use software and intangibles 430 267 1,326 1,077
Deferred income taxes     (378) (491)
Share-based compensation 3,466 3,839 9,410 10,802
Changes in operating assets and liabilities     (4,556) 4,199
Net cash provided by operating activities     17,680 21,815
Investing activities        
Capital expenditures     (3,616) (1,078)
Additional investments in corporate-owned life insurance policies     (27) (3)
Net cash used in investing activities     (3,643) (1,081)
Financing activities        
Payment of preferred stock dividends     (1,836) (1,836)
Repurchase of common shares to satisfy employee tax withholding     (2,924) (2,902)
Principal payments under long-term obligations     (3) (16)
Net cash used in financing activities     (4,763) (4,754)
Effect of exchange rate changes on cash     (427) (38)
Net increase in cash and cash equivalents     8,847 15,942
Cash and cash equivalents at beginning of period     96,971 99,180
Cash and cash equivalents at end of period $ 105,818 $ 115,122 $ 105,818 $ 115,122